When you contribute to your SIPP, your contribution is usually eligible for basic rate tax relief from the HMRC. This means that for every £80 you contribute, £20 is typically added, making a total contribution of £100 in your pension. We claim this tax relief from HMRC on your behalf.

When you make a contribution, a tax relief payment is created immediately and shown as pending in your account. Tax relief payments typically take around 6–11 weeks to be received from HMRC and added to your Quilter Invest SIPP.

Tax relief depends on your individual circumstances and the amount you are eligible to contribute to a pension. You are responsible for ensuring your contributions are eligible for tax relief and that your total contributions across all of your pensions remain within the applicable pension contribution limits.

If you pay higher or additional rate tax, you may be able to claim extra tax relief through your self-assessment tax return.

Tax rules may change in the future.